Fannie Mae predicts major mortgage rate changes are coming soon
Homebuyers may see a surprising shift in the housing market this year.
When the Federal Reserve began cutting rates of interest in September, most economists anticipated a corresponding drop in mortgage rates.
Despite the indisputable fact that preliminary forecasts predicted that mortgage rates would drop under 6% by the cease of 2025, ongoing political and financial uncertainty coupled with unstable monetary markets uncover saved rates elevated.
Fannie Mae has repeatedly adjusted its projections to story for Fed policy adjustments, inflation trends, housing sentiment, and total market instances.
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